June 11, 2021 5:30 am
Small ticket loans less than Rs 25,000 — characterised by searches for “phone on loan”, “laptop on EMI” and “mahila loan 30000” — in loan disbursals among all personal loans has gone up from 10 per cent in 2017 to 60 per cent in 2020, the report said.
April 30, 2021 4:22 am
The fraud level more than trebled — up 224 per cent — and has been a significant development during Covid-19 times, the credit information bureau said.
June 12, 2020 12:24 am
Cautioning about a rise in defaults, it said, “The inability of some consumers to pay their debts post the moratorium period ending is likely to adversely impact their scores, and consequently the default probability may see a rise.”
May 05, 2020 12:40 am
The NPA rate for MSMEs has increased continuously over last few years to reach 12.6 per cent as of December 2019, Cibil said in a report.
October 11, 2019 4:02 pm
Banks are linking loan interest rates to the credit profiles of customers, meaning late payments can hurt you.
May 21, 2019 5:50 pm
Muthoot Finance will target customers in the age group of 24-58 years and working in private, state and central government jobs to avail personal loans for 1-5 years.
March 14, 2016 2:46 am
Amid serious concerns over bad debts across corporate and SME (small and medium enterprises) segments, there is one bright spot for banks — the retail consumer.
August 14, 2015 6:07 am
Efforts are on to expand credit history coverage to include payments of mobile, insurance and utility services bills that can be used for background checks.
November 12, 2014 1:06 am
PNB has filed cases against Winsome Diamond for wilful default of Rs 900 crore and Forever Precious Jewellery for Rs 753 crore.
November 28, 2013 3:13 pm
In the city,credit cards (34 pct) and personal loans (21 pct) are the most availed form of credit.